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21:30, 22.06.2021

Exploitation of Neptun Deep Black Sea gas block to start towards end 2025-2026

Extraction of the Black Sea natural gas will most probably start towards the end of 2025-2026, Energy Minister Virgil Popescu declared on Tuesday, mentioning that state-owned oil and gas company Romgaz is currently…




13:15, 13.04.2021

Romgaz, ready to take over offshore drilling project amid unexpectedly high interest of banks

Romgaz is ready to take over ExxonMobil's share in the Neptun Deep Black Sea offshore natural gas project, and funding that will be a mix of equity and raised money, Romgaz Director General Aristotle Jude told…




13:35, 29.07.2020

OMVPetrom: Black Sea gas can help Romania's economic recovery, yet offshore law delayed

Black Sea gas can help Romania's post-pandemic economic recovery, but changes to the Offshore Law are delayed, which erodes the economic foundation of this project, said OMV Petrom CEO Christina Verchere in an…